Resona Asset Management Co. Ltd. Has $21.43 Million Position in Snowflake Inc. $SNOW

Resona Asset Management Co. Ltd. trimmed its position in Snowflake Inc. (NYSE:SNOW) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,012 shares of the company’s stock after selling 4,210 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Snowflake were worth $21,426,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SNOW. Birch Financial Group LLC grew its stake in shares of Snowflake by 14.9% in the third quarter. Birch Financial Group LLC now owns 1,705 shares of the company’s stock valued at $385,000 after acquiring an additional 221 shares in the last quarter. Jennison Associates LLC boosted its holdings in Snowflake by 13.5% in the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after purchasing an additional 1,083,222 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Snowflake by 13.2% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 8,341 shares of the company’s stock valued at $1,881,000 after purchasing an additional 972 shares during the period. Teacher Retirement System of Texas grew its position in shares of Snowflake by 0.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 55,894 shares of the company’s stock worth $12,607,000 after purchasing an additional 277 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in shares of Snowflake by 6.8% during the third quarter. iA Global Asset Management Inc. now owns 55,870 shares of the company’s stock worth $12,601,000 after purchasing an additional 3,580 shares during the period. Institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several recent research reports. Citigroup cut their price target on Snowflake from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 8th. The Goldman Sachs Group set a $286.00 target price on Snowflake in a report on Monday, January 12th. Scotiabank restated an “outperform” rating on shares of Snowflake in a research report on Thursday, December 4th. Canaccord Genuity Group boosted their price target on Snowflake from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, Monness Crespi & Hardt increased their price objective on shares of Snowflake from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $275.58.

Snowflake Stock Performance

NYSE:SNOW opened at $209.57 on Friday. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock’s 50-day simple moving average is $227.49 and its 200 day simple moving average is $228.29. The firm has a market capitalization of $71.72 billion, a PE ratio of -51.87 and a beta of 1.14.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 28.7% on a year-over-year basis. On average, analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Expansion: Snowflake announced a new AWS deployment in the UAE, extending its commercial footprint in the Middle East and building on >$2B of AWS Marketplace sales — a clear push to grow international revenue and partner-led bookings. Snowflake launches AWS deployment in UAE
• Positive Sentiment: Customer / product traction: Snowflake partnered with Zinnia for real‑time insurance analytics and AI, signaling continued vertical wins for high-value, analytics-driven use cases that can drive consumption. Zinnia collaborates with Snowflake
• Positive Sentiment: Analyst support: Several firms have recently reiterated or raised targets (Argus, KeyCorp, Needham, Rosenblatt), leaving consensus upside vs. current prices — supportive for medium‑term investor sentiment. MarketBeat coverage including analyst notes
• Neutral Sentiment: Macro/strategy tone: CEO comments emphasize being precise about AI ROI — a message of disciplined monetization that helps clarify strategy but doesn’t deliver immediate revenue. Useful for long‑term thesis, limited short‑term impact. CEO: Being precise about AI’s ROI
• Neutral Sentiment: Options/derivative flows: Some traders are using defined‑risk bullish strategies (bull put spreads) betting downside is limited — signals trader interest but not a guarantee of upward price movement. Bull put spread options piece
• Neutral Sentiment: Projections and coverage: Forecast pieces (24/7 Wall St.) reiterate mixed near-term momentum after recent monthly declines but highlight longer-term upside since last year’s lows — useful context, but speculative. Snowflake price prediction
• Negative Sentiment: Insider selling: Director Frank Slootman sold 200,000 shares (~$41.4M) and reduced his stake materially — a large, recent insider sale that often weighs on sentiment and amplifies near‑term selling pressure. SEC filing: Frank Slootman sale

Insider Activity at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $230.65, for a total value of $11,610,459.70. Following the sale, the director owned 32,756 shares in the company, valued at $7,555,171.40. This trade represents a 60.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the transaction, the senior vice president owned 218,020 shares of the company’s stock, valued at $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 618,681 shares of company stock worth $137,427,145 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Snowflake Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.